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20121222
20121230
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but there are some options. business technology reporter david has the last minute shopping frenz frenzy. >> last minute shopper in some ways is rewarded by procrastinating. mark down already being promoted. save money by shopping late. >> yes. i did. actually. because there is things on clearance and 40 percent off so i did save some money nishtion some cases the last minute shorp 30's just to pick up some last minute items. >> i'm the lucky one i have a wife that does all the shoppin shopping. so i'm just here to pick up ice for the benches tomorrow and some stocking stuffers that's it. >>reporter: retail remembers prepared for the on slot. all check stands are open. projecting the sales up 2 and a half to 3 percent over last year say analyst. that's good considering the recession isn't over and the fiscal cliff could take a bite out of income in a matter of days. competitors on line can't do a same day purchase and deliver by tonight. despite good intention business some shoppers there are always last minute gifts to buy. >> christmas eve. yes. are you giving me a hard time for wai
's business technology reporter david. >> it's not something that you want to see losing 800 job. that's a big impact here in san ramone. >>reporter: 800 jobs is a fourth of the total work force at san ramone headquarters. chevron told affected work twors months ago but didn't make it public until it sent out an all employee e-mail yesterday. all 5 of these support 7 ron and all workers now work side by side in houston. chevron said the headquarters will remain in san ramone. stewart is president and ceo of the san ramone chamber of commerce. he calculates the impact to the local economy. >> millions of dollars. millions. when you take that consideration property values. all of the tax base for any reason if they were to lose any more jobs. tremendous impact. >>reporter: another concern is what alarm relocation of workers will do to the real estate market. barbara reid foster has been selling property hear for 34 years at golden hill broker. she points out that many chevron workers moved here from lower cost areas and may not be homeowner homeowners. >> ended up renting homes instead
%. disappointing for retailers. abc 7 news business and technology reporter david louie on the story now in san jose. >> the disappoint oing growth in retail sales is very likely tied to more kir conservative gifting this year. >> i got smaller gifts that meant more. >> mother nature dealt retailers a number of blows including blizzards and hurricane sandy. major events that can keep shoppers away. the bay area was spared disasters and was boosted by good economic news. higher median home prices and low unemployment. >> i would anticipate that certainly the bay area retail sales will be significantly above the national average. >> reporter: the executive director of santa clara university retail management institute. with national numbers showing the slowest growth in four years retail chains may pull back plans to expand. could impact hiring. retailers like consumers are also waiting to see if washington can resolve the impasse on a tax and budget plan. >> when there is that uncertainty they will be more are conservative in investments and inventory and new store growth. we are certainly going
Search Results 0 to 2 of about 3